Tethys Petroleum Limited: Tajikistan-Komsomolsk Well KOM201 Commences Drilling

Tethys Petroleum Limited announced that drilling operations had commenced on the East Komsomolsk KOM201 appraisal well. The KOM201 well is designed to appraise the eastern portion of the Komsomolsk gas field, which lies beneath the northern part of Dushanbe, the capital city of Tajikistan. It is being drilled by Tethys’ ZJ30 rig “Tykhe”, and is a deviated well intended to intersect... 

Tag: tethys mining, tajikistan petroleum pipeline, tetays mining, tethys petroleum, tethys tajikistan services limited

Ritchie Bros. to sell late model rock trucks in Grand Opening unreserved auction in Grande Prairie

Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, is selling mining and heavy construction equipment and trucks-including a fleet of late model rock trucks-in an upcoming two-day, multi-million dollar, unreserved public auction at the Company’s brand new permanent auction site in Grande Prairie on Tuesday, November 24th to Wednesday, November 25th 2009 starting at 8:00... 

Tag: dechant construction, grand trucks, komatsu 785, komatsu mining shovels for sale, richi truck sale

Universal Holdings Closes Acquisition and Enters Domestic North American Oil and Gas Market

Universal Holdings announced that on September 21, 2009, the company purchased 100% of the outstanding membership units of Coronado Acquisitions, LLC. In connection with this acquisition, Universal has satisfied a promissory note issued by Coronado Acquisitions, LLC in the principal amount of $3,250,000 by issuing 2,100,000 restricted shares of its common stock to the Noteholders. Coronado is a development... 

Tag: universal holdings of notyh america, universal holdings north america, jeff beunier, universal holdings llc, universal and acquisitions llc

Global Industries Awarded US$ 70 Million Project in Brazil

Global Industries, Ltd. announced that its Brazil Business Unit has signed a contract with Petroleo Brasileiro S.A. (Petrobras) for diving, ROV and construction services to be performed offshore Brazil, in the areas of Campos, Santos and Espirito Santo basins. The 180-day contract is valued at approximately US$ 70 million and has an option for an extension of up to six additional months. John Clerico,... 

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ProspEx Resources Announces Kakwa Horizontal Well Results and Establishment of New Operating Area in West Central Alberta

ProspEx Resources Ltd. is providing an operational update with respect to certain projects within its 2009 capital program. “Flow test results from our East Kakwa horizontal well have exceeded expectations, validating the concept of a repeatable horizontal drilling development on our lands”, said John Rossall, President and Chief Executive Officer. “I am also excited to announce that... 

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Black Dragon Net Income for the First Two Quarters of 2009 Was Up 14%

Black Dragon Resource Companies, Inc.’s Dr. Gerald Bailey, CEO of Black Dragon, stated that net income for the first six months was $546,443, compared to 2008 of $477,470. This is a 14% increase. Oil and gas income was down 68% compared to 2008. Savings were achieved in administrative expenses which were down 78%, primarily due to non-recurring legal expenses from 2008. The large drop in oil... 

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CAVU Resources, Inc. Announces Letter of Intent for a Two Million Dollar Acquisition

CAVU Resources, Inc. announced that the Company has entered into an Letter of Intent to acquire all of the outstanding shares of Filo Quip Resources, LLC., in a cash and stock transaction valued at two million dollars. In the acquisition, CAVU will purchase a 140 acre lease in Garvin County, Oklahoma that has two producing wells and three wells that can be completed in down-hole reservoirs. The two... 

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GWR To Acquire Operating Oil and Gas Assets

GWR Resources Inc. announces that it has entered into a Letter of Intent with Deep Creek Oil & Gas Inc. in order to acquire 100% of Deep Creek through an all share transaction. Aside from legal fees, this acquisition will not require any cash outlays by GWR. The purpose of this acquisition is to provide GWR with long term positive monthly cash flow, which can be utilized by GWR in the best manner... 

Tag: deep creek capital, gwr resources, gwr gas oil well, deep creek mining, gwr operating company

Energtek Anticipates Increase of NatGas Activities in India

Energtek Inc., a world leader in the development of Adsorbed Natural Gas (ANG) technology, announced that additional Natural Gas (NG) production capacity, plus rebounding oil prices will increase the likelihood of significant revenues for the company’s subsidiary in India. Energtek announced earlier this month, that the company’s subsidiary Moregastech India Private Limited expects to report... 

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OriginOil Acknowledged as Prominent Algae-to-Oil Company on Capitol Hill

OriginOil, Inc., the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, announced that its breakthrough technology was recognized in testimony provided before the Senate Subcommittee on Environment and Public Works on May 19, 2009. During the session, which was entitled “Business Opportunities and Climate Policy,”... 

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